China's 1.1t yuan dealmaker debt raises alarm amid probe

Shanghai

CHINA struck deal after deal to acquire companies abroad over the last few years. Now the bill is coming due.

The nation's top corporate dealmakers, including HNA Group and Fosun International, must pay off the equivalent of at least US$11.5 billion in bonds and loans by the end of 2018 - a feat now complicated by government efforts to rein in their aggressive rush overseas.

That figure represents just a fraction of the total debt of 1.1 trillion yuan (S$224 billion) that the Chinese companies…